WTI Short Opportunity

FX:USOIL   CFDs on Crude Oil (WTI)
Price reversed from Kijun line and moved lower. RSI confirmes price reversal. DMI confirms trend market conditions and allows trading. We have short opportunity. Sell below 44.50 level with stop above 47.50 local high. Profit target should be at 42.00 support level . Also pay attention to a bullish divergence formed by price and RSI . It can be a signal that the market can start upward movement. Trading volume for such short trades must be small and you should use trailing stop orders for quick exit if the market starts moving against your trades.
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your risk reward ration is not good

your entry is under 44 , SL 47.50 and your PT is 42 then your R/R is 2/1 which is not logic and high risk , sorry its just a notice ...
DLavrov AmjadBakir
@AmjadBakir, if you don't like such trades, you can skip them )
+1 Reply
@DLavrov, no dear i like anything related to Ichimoku
+2 Reply
DLavrov AmjadBakir
@AmjadBakir, great! But I can't place stop loss lower than the swing high or have better profit target )
+1 Reply
Jafx AmjadBakir
Agree just like the previous oil chart posted :/ @AmjadBakir,
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